Currency pair Dollar Franc USD/CHF continues to move within the limits of the decline. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9916. At the moment, we should expect an attempt to test the resistance area near the level of 0.9935 and continue the decline of the US Dollar against the Swiss Franc with a target below 0.9840.
USD/CHF forecast & technical analysis July 26, 2018
In favor of the growth of the Dollar Franc pair will test the resistance line on the indicator of relative strength index (RSI). Canceling the fall of the USD/CHF pair on Forex will be a strong growth and breakout of the area of 0.9995, which will indicate the breakdown of the resistance area and the continuation of the USD/CHF quotations to the area above the level of 1.0065. To expect the acceleration of the USD/CHF price decline is worthwhile with the breakdown of the support area and the closing below the level of 0.9890.
USD/CHF forecast & technical analysis July 26, 2018 suggests a test of the resistance area near the level of 0.9935 and the continuation of the fall of the pair USD/CHF with a target below 0.9840, an additional signal in favor of the decline of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the area of 0.9995, which will indicate a breakdown of resistance and continued growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
